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Thursday, 12 July 12
SOUTHGOBI RESOURCES ANNOUNCES NOTICE OF INVESTMENT DISPUTE FILED AGAINST MONGOLIAN GOVERNMENT
Press Release - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi”) announced today that SGQ Coal Investment Pte. Ltd., a wholly owned subsidiary of SouthGobi that owns the Company’s Mongolian operating subsidiary SouthGobi Sands LLC (“SGS”), has filed a Notice of Investment Dispute on the Mongolian Government pursuant to the Bilateral Investment Treaty (“BIT”) between Singapore and Mongolia. The Company has filed the Notice of Investment Dispute following a determination by management that they have exhausted all other possible means to resolve an ongoing investment dispute between SGS and the Mongolian authorities.
The Notice of Investment Dispute consists of, but is not limited to, the failure by the Mineral Resources Authority of Mongolia to execute the pre-mining agreements (“PMAs”) associated with certain exploration licenses of the Company pursuant to which valid PMA applications had been lodged in 2011. The areas covered by the valid PMA applications include the resource known as Zag Suuj and certain areas associated with the broader Soumber Deposit.
The Notice of Investment Dispute triggers the dispute resolution process under the BIT whereby the Mongolian Government has a six-month cure period from the date of receipt of the notice to satisfactorily resolve the dispute through negotiations. If the negotiations are not successful, the Company will be entitled to commence conciliation/arbitration proceedings under the auspices of the International Centre for Settlement of Investment Disputes (“ICSID”) pursuant to the BIT. However in the event that the Mongolian Government fails to negotiate, ICSID arbitration proceedings may be accelerated before the six (6) months have expired.
About SouthGobi Resources
SouthGobi Resources is focused on exploration and development of its Permian-age metallurgical and thermal coal deposits in Mongolia’s South Gobi Region. The company’s flagship coal mine, Ovoot Tolgoi, is producing and selling coal to customers in China. The company plans to supply a wide range of coal products to markets in Asia.
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Saturday, 07 July 12
BALTIC INDEX UP ON STRONG CAPE, PANAMAX RATES - VISTAAR
COALspot.com - This week all the segments were firmed up with BDI up by 15.23 pct (up by 153 points) closing at 1,157 points.
The cape index also ...
Saturday, 07 July 12
DRY BULK MARKET NOT ABLE TO FIND SOLID GROUND SAY EXPERTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the second half of each, traditionally looking the most active one, especially in terms of newbuildings being delivered, it's highly unlikely ...
Thursday, 05 July 12
GOVT GETS READY FOR $1.8B SUIT - THE JAKARTA POST
The Jakarta Post, one of the leading Indonesian English new papers reported that, several ministries and the Attorney General’s Office held a ...
Thursday, 05 July 12
DRY BULK MARKET MOVES FURTHER UP THE HILL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its growth momentum by the middle of the week, as the BDI (Baltic Dry Index) rose by an additional 40 points to 1,103 p ...
Thursday, 05 July 12
BUMI ACHIEVES HIGHER SELLING PRICE IN FIRST QUARTER
COALspot.com - PT Bumi Resources Tbk (BUMI), Indonesia's largest coal producer and exporter, has successfully maintained a higher sales margin, des ...
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- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
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- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Planning Commission, India
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
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